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Chorus posts $83 million 2016 net profit; leasing revenue up 44%

Halifax-based Chorus Aviation, the parent company of Canadian regional airline Jazz Aviation, posted 2016 net profits of C$111.8 million ($83 million), more than quadrupling its C$25.5 million net result for 2015.
“Our overall [2016] fiscal results were in line with our expectations,” Chorus president and CEO Joe Randell said. “The capacity purchase agreement (CPA) with Air Canada continues to … deliver strong and stable financial results … we achieved a ...